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Apr 14, 2013 3:30pm PDT
product in 2008 to 78.2% of gdp, in 2014. under obama's budget, by 2020, the national debt ceiling will exceed $25 trillion. >>> question. is this budget the basis for serious negotiations with the republican leadership? or is it a political ploy? pat buchanan? >> no i think he did throw out a card john with the social security chain cpi. but i don't think it will go anywhere for this reason. the president has tax increases in there the republican house simply cannot abide and go home and survive. he is not going to get those tax increases. secondly, this chain cpi, already has a fire storm inside the democratic party against him for going after social security and medicare. so i think he put this out here. but john the real long-term problem medicare, medicaid social security eat up more and more and more of the budget. you mentioned defense and discretionary spending go down less and less and less. and i think it is, you know, this is no new deal or no new frontier or no great society. it is a timid budget, i think. and it is a grim budget for the united states. >>> the cpi is th
Apr 12, 2013 12:00am PDT
have the debt ceiling once again. the prospect that the united states could default on its, to its creditors. the debt ceiling needs to be raised this summer. and nobody really can tell me how that is going to happen. here at the white house the expectation is that republicans will simply cave on this. like they caved earlier in the year giving a temporary increase. republicans say there is no way that can happen. even if john boehner wanted to cave on this, he couldn't pass an extension of the debt ceiling on its own in the house without something else. so really, charlie, when we get to this, the question is, you know, does that become the final opportunity to have something that looks a little bit like the grand bargain. or at least as carney at one point called it, the pe at this time bargain. but some kind of an agreement that does do something on entitlements an something on taxes. >> rose: does the president get some credit and also some achievements from all the meetings he is having with republicans and with senators? >> i think he does. and maybe the biggest indication of
Search Results 0 to 2 of about 3 (some duplicates have been removed)